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Metropolitan Anesthesia Network Profit Sharing Plan
The Metropolitan Anesthesia Network Profit Sharing Plan is the retirement vehicle for anesthesiologists affiliated with the Metropolitan Anesthesia Network, a...
Metropolitan Anesthesia Network Profit Sharing Plan
The Metropolitan Anesthesia Network Profit Sharing Plan is the retirement vehicle for anesthesiologists affiliated with the Metropolitan Anesthesia Network, a Minnesota-based physician practice. The plan is structured as a defined contribution profit-sharing arrangement, where Metropolitan Anesthesia Network, LLP makes variable employer contributions tied to the profitability of its anesthesia services. Physician participants also make individual contributions, accumulating tax-deferred assets managed by plan fiduciaries. The network maintains leadership ties to the Minnesota Society of Anesthesiologists, where physician Craig Johnson, M.D. has served as president. The plan invests retirement assets across a diversified institutional portfolio, with the sponsoring employer and plan administrator Allen Tank overseeing investment policy. As a profit-sharing vehicle, its deployment pace mirrors the cash flow of the underlying anesthesia practice — a function of surgical volume, payer mix, and staffing contracts with area hospitals. The plan's allocation strategy has not been publicly detailed, though typical profit-sharing plans of professional service firms hold positions in mutual funds, collective investment trusts, and separately managed accounts spanning public equities, fixed income, and real assets. Administrative oversight falls to the plan's named fiduciaries, including Allen Tank as administrator. The plan sponsors no separate foundation or charitable trust structures, though the network's physicians have supported the Sustainable Surgical Resource Initiative for Haiti (SSRI-Haiti). The plan operates solely as a retirement benefit for participating anesthesiologists, without adjacent venture arms, co-investment clubs, or real-asset subsidiaries. Structurally, the plan differs from institutional pension funds in its reliance on practice-level profitability for employer contributions. When the anesthesia group's margins compress — from payor rate negotiations or reduced elective surgery volumes — employer profit-sharing contributions contract. This ties the plan's funding health directly to the operating performance of Metropolitan Anesthesia Network, LLP, rather than to a municipal or corporate balance sheet. Fiduciary duty rests with the plan administrator and trustees under ERISA guidelines, with standard reporting through Form 5500 filings.
General information
Firm type
Pension Fund
Location
Region
North America
Country
United States
City
Plymouth
Corporate office
Plymouth, MN, United States
Principals
Craig Johnson, M.D.
Physician and former President of the Minnesota Society of Anesthesiologists
Allen Tank
Administrator
Frequently asked questions
Who oversees investment decisions for the Metropolitan Anesthesia Network Profit Sharing Plan?
Plan administration and fiduciary oversight rest with the plan administrator and trustees named in the plan's ERISA-governed documents. Administrator Allen Tank is associated with the Metropolitan Anesthesia Network's operations. Investment policy, manager selection, and allocation decisions are typically executed by the plan's fiduciaries, who may delegate to third-party advisors or rely on the plan's recordkeeper for fund menu construction.
How does the plan's funding mechanism work?
The plan is a profit-sharing arrangement under which Metropolitan Anesthesia Network, LLP makes discretionary employer contributions based on the practice's annual profitability. Physician participants may also make salary-deferral contributions. When the anesthesia group experiences margin pressure, employer contributions can be reduced or suspended. Contribution variability distinguishes it from defined benefit pensions with fixed funding obligations.
Is the plan's investment portfolio publicly disclosed?
Like most private profit-sharing plans, the Metropolitan Anesthesia Network Profit Sharing Plan files Form 5500 with the Department of Labor, which provides summary asset and liability data but limited detail on specific holdings or allocation strategy. Full investment policy statements are not publicly available. Institutional allocators evaluating the plan as a potential co-investor or LP would typically request the plan's investment policy statement directly from the administrator.
What is the relationship between the plan and Metropolitan Anesthesia Network, LLP?
Metropolitan Anesthesia Network, LLP is the sponsoring employer and plan sponsor. The partnership employs the anesthesiologists who staff Twin Cities hospitals and surgical centers. The profit-sharing plan serves as their primary retirement benefit. The plan is a separate legal entity from the medical practice, with its own trust and fiduciary structure, but its funding depends entirely on the partnership's profitability. Physician Craig Johnson, M.D. is associated with the network and has held leadership roles in the Minnesota Society of Anesthesiologists.
Does the plan engage in direct investments or co-investments alongside external managers?
Professional-service profit-sharing plans of this scale typically invest through pooled vehicles — mutual funds, collective trusts, or institutional separate accounts — rather than making direct private investments. The plan's Form 5500 filings would clarify whether alternative assets appear in its portfolio. Absent evidence of direct deal activity, the plan is likely a fund investor rather than a direct co-investor.
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